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Plastics company LyondellBasell has announced plans to drive chemical recycling of plastic materials forward.

The company, which specialises in plastics, chemicals and refining, is working with Karlsruhe Institute of Technology (KIT) to advance the chemical recycling of plastic materials and assist global efforts towards the circular economy and plastic waste recycling.

The focus of the venture is to develop a new catalyst and process technology to decompose post-consumer plastic waste, such as packaging into monomers for reuse in polymerisation processes.

“Earlier this year we announced a 50 per cent share in Quality Circular Polymers (QCP) to drive the development of high quality recycled polyolefins from the mechanical recycling of sorted post-consumer waste streams,“ CEO Bob Patel said.

“This new co-operation will be a major step towards chemical recycling and extend our contribution to the circular economy.”

Chemical recycling is complementary to mechanical recycling and is able to manage multilayer and hybrid plastic materials, which can’t be easily recovered by mechanical recycling.

Molecular recycling is advancing chemical recycling by improving current process technologies to produce clean feedstock for polymer production.

LyondellBasell's goal is to develop a high-efficiency and clean plastic depolymerisation process through catalyst innovation to transform plastic waste back to the chemical building blocks.

Food & Drink Business

Alternative protein think tank Food Frontier and Cellular Agriculture Australia (CAA) have joined forces, with the goal to accelerate the commercialisation of emerging food production technologies in Australia.

As part of the development of a national food security strategy, the federal government has commissioned a food supply chain assessment. The decision was made during a meeting of the National Food Council on 23 March, focused on the impact of conflict in the Middle East on Australia’s food system.

Australia has secured a free trade agreement (FTA) with the European Union (EU) after eight years of negotiations, opening new avenues for Australian exporters to sell to 450 million consumers in the EU’s $30 trillion economy.